According to Solidus Labs, 98.6% of the 7 million tokens launched on Solana’s Pump fun since 2024 were identified as rug pulls or manipulative schemes. Only ~97,000 tokens held over $1,000 in liquidity. 93% of Raydium pools showed soft rug pull signs. Memecoins were heavily affected—TRUMP and MELANIA tokens crashed 87% and 97%, while insiders profited over $100 million.